Sen. Rand Paul Hints At Blocking Yellen's Fed Nomination

Law360, Los Angeles (October 25, 2013, 10:26 PM EDT) -- U.S. Sen. Rand Paul, R-Ky., suggested Friday that he may put a hold on the nomination of Janet Yellen to lead the Federal Reserve until the Senate votes on his bill to audit the central bank.

Paul said in a statement that when the Senate considers the nomination of Yellen, who currently serves as the Fed's vice chairwoman, he will request a vote on his Federal Reserve Transparency Act. The bill calls for the U.S. comptroller to conduct a full audit of the Fed's Board of...